Understanding the SSS Contribution Table: A Comprehensive Guide
The Social Security System (SSS) contribution table is a crucial tool for both employees and employers in the Philippines to determine the appropriate contribution amounts based on salary brackets. Understanding how the table works ensures you’re complying with the law while securing your future benefits. For more details you can visit :
https://ssscontributiontable.ph/
Key Points:
Salary Bracket: Your monthly contribution is determined by your salary, with corresponding employee and employer shares listed in the table.
Contribution Rates: As of 2024, the total contribution rate is 14%, where the employee contributes 4.5% and the employer covers 9.5%.
SE, VM, and OFW Contributions: Self-employed, voluntary members, and overseas Filipino workers have a different rate calculation, typically based on their declared monthly salary credit.
Benefits: Your contributions will go toward various benefits, such as retirement pensions, disability benefits, and maternity/paternity leaves.
Understanding the SSS Contribution Table: A Comprehensive Guide
The Social Security System (SSS) contribution table is a crucial tool for both employees and employers in the Philippines to determine the appropriate contribution amounts based on salary brackets. Understanding how the table works ensures you’re complying with the law while securing your future benefits. For more details you can visit : https://ssscontributiontable.ph/
Key Points:
Salary Bracket: Your monthly contribution is determined by your salary, with corresponding employee and employer shares listed in the table.
Contribution Rates: As of 2024, the total contribution rate is 14%, where the employee contributes 4.5% and the employer covers 9.5%.
SE, VM, and OFW Contributions: Self-employed, voluntary members, and overseas Filipino workers have a different rate calculation, typically based on their declared monthly salary credit.
Benefits: Your contributions will go toward various benefits, such as retirement pensions, disability benefits, and maternity/paternity leaves.
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